Key Market Indicators
Nigeria's nickel imports are projected to decline to approximately $925,000 by 2028, down from around $1.2 million in 2023. This represents a 4% annual decrease in compound annual growth rate (CAGR). Despite this anticipated downturn, Nigerian demand for nickel has shown significant growth over the years. Since 2001, the country's demand for the metal has increased by an average of 10.8% each year.
